Minnesota customers of Wells Fargo who may have been hurt by the bank's fake-accounts practices exposed in 2016 can seek restitution from a program formed after several states sued the bank, said state Attorney General Keith Ellison on Friday.
As part of a settlement announced in December, Wells Fargo agreed to pay $575 million to states, including $9.3 million to Minnesota.
The bulk of that money is to be directed to customers who were hurt by unlawful actions and have not been covered by previous restitution efforts.
The bank now has taken the next step by starting a website where consumers who may be eligible for restitution can find out more information. Ellison joined other state attorneys general this week in publicizing the website, at www.wellsfargo.com/commitment/redress.
"The settlement was designed to make sure that Wells Fargo makes all their victims whole for their unlawful conduct," Ellison said in a statement.
The bank is required to provide updates to state attorneys general on the progress of restitution efforts.
The website describes the issues covered by the settlement agreement and provides phone numbers that consumers may use to request review of their situation.
In fall 2016, reports surfaced of Wells Fargo's intensely competitive internal environment that drove employees to create fraudulent accounts to meet goals for financial performance.
